Building costs rose by 0.2 per cent in May year-on-year

According to Statistics Finland, building costs
rose by 0.2 per cent in May 2017 compared with the previous year's
May. The prices of materials went up by 1.2 per cent and those of
services remained on level with the previous year. The prices of
labour inputs in construction fell by one per cent compared with
May of the previous year. The fall in the prices of labour inputs
is explained by lower social security costs compared with 2016.

Long term development of the Building Cost
Index

From April to May, the total index of building costs rose by 0.2
per cent. The prices of materials rose by 0.3 per cent from the
previous month. The prices of labour inputs and services remained
unchanged from the previous month.